Category: Tax
Jun
02
Potential IRS Penalty Refund Opportunity: Why July 10, 2026 Matters
Recent legal developments have created a potential opportunity for some taxpayers to seek refunds or abatements of certain IRS penalties and interest assessed during the COVID-19 period. While the legal issues remain unresolved, one thing is clear: July 10, 2026 may be an important deadline for preserving potential refund rights. What Is the Kwong Decision? […]
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Oct
27
Your Financial Checklist: “Checking It Twice” Before Year-End
From the advisors at BNA Wealth. As we wrap up the year, it’s a great time to review your finances to insure everything is in place for success heading into 2026. Listed below are a few important items to check off your list prior to December 31st: 1. Maximize Tax-Advantaged Accounts If possible, maximize contributions […]
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Oct
21
Spot the Signs: Protecting Yourself from Financial Fraud in 2025
Scams are becoming smarter, faster, and harder to detect. Even the most financially savvy individuals and businesses can be targeted. From AI-generated emails to fake IRS calls, today’s fraud tactics are designed to look real. Here’s what to watch for and how to stay ahead of potential fraud in 2025. Common Scams to Watch For […]
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Aug
19
Why Giving Stock Instead of Cash Could Be a Smart Tax Strategy
When you think about charitable giving, cash donations are usually the first thing that comes to mind. But there’s another option that can be more tax-efficient and just as impactful: donating stock. Here’s why this strategy is worth considering: Give More By donating stock you’ve held for more than a year, you avoid paying capital […]
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Jul
16
Tax Update : What BNA CPAs Want You to Know About the “Big Beautiful Bill”
The recently passed “One Big Beautiful Bill” marks a significant update to the U.S. tax code—building on the 2017 Trump tax cuts and introducing new opportunities for individuals, families, and business owners alike. At BNA CPA & Advisors, we’ve been reviewing the bill closely to understand its full impact. Below, Jason Ackerman, CPA, CFP®, CGMA, […]
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Feb
23
SC MyDORWAY Tax Account Management | BNA CPA
What You Need to Know The South Carolina Department of Revenue (SCDOR) is rolling out an authorization request for SC MyDORWAY tax account management users. As part of our ongoing commitment to seamless tax management, BNA will be handling this on your behalf. What Is MyDORWAY? MyDORWAY is SCDOR’s free, secure online tax portal for […]
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Dec
29
Top 20 Tax Deductions and Credits for 2023-2024
As we approach the upcoming tax filing season, it’s crucial to be well-versed in the various tax deductions and tax credits that can help maximize your savings. To guide you through the intricacies of the tax landscape, we present a comprehensive overview of the Top 20 Tax Deductions and Credits for 2023-2024. Explore this comprehensive […]
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Dec
14
10 Year-End Tax Tips for 2023
As we approach the end of 2023, it’s crucial to equip ourselves with the tools and insights necessary to take charge of our financial future. End of year tax planning stands as a pivotal strategy in this endeavor, and we’re here to guide you through the process. Below, we present a comprehensive set of 10 […]
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Jul
27
Saving for College
With summer quickly coming to an end, many of us are gearing up to send our favorite students off to college this fall. With South Carolina’s Future Scholar 529 College Savings Plan ranking in the “Top 5 Performing 529 College Savings Plans” by savingforcollege.com, there’s good news for anxious parents. Ready to save? Read on… What is a 529 Plan? […]
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Feb
25
Stress-Free at Tax Time
In addition to our long history of working with satisfied clients, we pride ourselves on being a progressive organization. Yet, while we are eager to embrace the latest technologies to keep your business running smoothly throughout the year, we know that nothing is as powerful as having a personal connection with a trusted financial partner. At BNA, you can trust our team of […]
